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Los Angeles International Airport, the fourth-busiest U.S. airport, saw a 13.5 percent decline in air cargo volumes during 2008, according to statistics released Tuesday. Air cargo moving through the airport last year, including mail and freight, fell from 2.08 million tons in 2007 to 1.8 million tons in 2008. The drop was solely attrib...
Forward Air Corp. said it is cutting its fourth quarter earnings estimate due to severely worsening economic conditions encountered during the second half of the fourth quarter. Forward Air, which plans to report its financial results for the fourth quarter and full year 2008 on Feb. 9, said it was lowering its fourth quarter estimate to 27 cents to 2...
THE British International Freight Association (BIFA) has voiced its support for the UK government's decision to allow a third runway to be built at London, Heathrow airport. BIFA director general Peter Quantrill said the investment was an essential component of the UK's transport infrastructure is required as a matter of urgency to relieve the congest...
HUNTSVILLE International Airport has suffered a 24.3 per cent decline in air freight in November compared to the same month in 2007, albeit a fall of only 2.6 per cent in the first 11 months of the year. Nationwide, air cargo was down 13 per cent in December. On the other hand passenger traffic at the airport had fallen 2.9 per cent in December compar...
A SURVEY by the International Air Transport Association (IATA) to examine its members outlook for the whole of 2009 shows that half of respondents expect a further decline in profit over the coming year, while a quarter of them expect growth. The outlook for 2009 is slightly worse than that reported in an October survey. Carriers operating in Asia are...
Encompass Global Logistics, which started business last October, said it named Kevin Kroft as chief financial officer and will soon establish a new headquarters office in Orange County, Calif. Prior to joining Encompass, Kroft was CFO and co-founder of U.S. Lines. He also served as CFO with Australia-New Zealand Direct Line for 10 years. ...
The American Apparel & Footwear Association will conduct two seminars in China on product safety and restricted substances to help retailers and manufacturers comply with U.S. government standards and quality control issues. The seminars will be held March 26-27 in Dongguan and March 30-31 in Hangzhou. Source:American Shipper
The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has issued a final rule to establish a risk-based process for the interstate movement of certain fruits and vegetables from Hawaii to the U.S. mainland. The rule, effective Feb. 17, requires that eligible produce be subject to inspection in either Hawaii or the first st...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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